Mobile Home Parks for Sale in Indiana

To download the financials, please click on See OM or Due Diligence, sign the confidentiality agreement, and you will have immediate access to the financials. If any questions or concerns, please contact Logan White at Logan@mhpvalue.com. The MHP Value Team is pleased to offer for sale a 4 park portfolio located in Indiana, totaling 252 units across Marion, IN, and Richmond, IN. There are 102 tenant-owned homes, 6 park-owned homes, 24 vacant park-owned homes, 2 single-family homes, and 122 vacant lots w/ hook-ups. This is a concentrated tenant-owned home community on city utilities requiring significant infill and management turnaround. The seller is offering financing to qualified buyers with significant downpayments to support early cash flow constraints. The park represents an attractive cost basis at a $5,000,000 purchase price or ~$19.5k per pad, well below the replacement value of developing a new pad in this market. Upside exists in rent increases, infill, cost reductions, and fixing management issues. Asset Summary • Shady Acre MHP - Marion, IN: 85 Lots, City Water/Sewer • Cottonwood MHP - Marion, IN: 36 Lots, City Water/Sewer • Richmond MHC - Richmond, IN: 66 Lots, City/WWTP • Green Meadows - Richmond, IN: 65 Lots, City Water/Sewer — Green Meadows is currently unlicensed; the seller is actively working on obtaining the license for the park. Investment Flexibility: The properties may be acquired individually or as part of a portfolio. Preference will be given to buyers pursuing: • The full four-property portfolio • Shady Acres and Cottonwood together — both located in Marion, Indiana, within approximately four miles of each other • Richmond Court and Green Meadows together — both located in Richmond, Indiana, within approximately five miles of each other Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.

The Seller is not interested in holding paper or creative financing. Sunstone Real Estate Advisors is pleased to present Northgate MHP, a 159-site all-age manufactured housing community located in Plymouth, Indiana. Situated on approximately 14.12 acres, the property is currently 33.3% occupied with 53 resident-occupied sites and 106 vacant lots, creating significant upside through infill and lease-up. Average site rent is approximately $577 per month. The community is served by city water and sewer with costs billed back to tenants, while electric is direct billed, providing an efficient utility structure. Located in Marshall County, Northgate MHP is approximately 23 miles south of South Bend and benefits from access to U.S. Routes 30 and 31 and the broader South Bend–Mishawaka regional economy. Marshall County has a median household income of approximately $60,000, while median home values generally range from $180,000 to $220,000, supporting demand for attainable housing alternatives. The area combines relatively affordable housing with access to larger employment, healthcare, retail, and transportation infrastructure throughout northern Indiana. Northgate MHP presents a substantial value-add opportunity through the infill and lease-up of 106 vacant homesites. With existing infrastructure, utility reimbursement, a large site count, and location within a designated Opportunity Zone, the property provides multiple avenues to increase occupancy and improve long-term performance.

TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT LOGAN WHITE WITH ANY QUESTIONS LOGAN@MHPVALUE.COM The MHP Value Team is pleased to offer for sale Shady Rest Mobile Home Park, a 24-pad mobile home community located in Anderson, Indiana, within the greater Indianapolis metropolitan area. Seller financing is available with $300,000 down, a 5% interest rate, interest-only payments, and a three-year balloon, providing attractive leverage and strong initial cash flow. The community is a stable asset currently operating at approximately 66% occupancy and consists of 14 park-owned homes, two tenant-owned homes, one vacant park-owned home, one single-family home, three garages, four sheds, and seven vacant lots with full infrastructure in place. The single-family home is included within the parcel and, if separately parceled, is estimated to have a standalone value in excess of $200,000.Average rents are approximately $305 per lot and $943 for park-owned homes. The property is serviced by city water and sewer. Each home is individually sub-metered for electricity; however, the owner currently pays all electric costs, creating a clear operational inefficiency. Rents are estimated to be $75–$100 below market, providing additional upside. The investment strategy for this community involves a light, high-impact value-add approach, primarily through the implementation of direct electric billing. With sub-meters already installed, a new owner can shift electric costs to residents with minimal capital investment, resulting in an immediate reduction in operating expenses and a meaningful increase in NOI. Additional upside includes modest rent increases, conversion of park-owned homes to tenant-owned homes to reduce maintenance exposure, and infill of the seven vacant lots. A new investor has the opportunity to acquire a stabilized, lightly value-add mobile home park with high-impact expense reduction potential, multiple income streams, and strong location fundamentals due to its proximity to Indianapolis, Muncie, and Noblesville. This offering provides attractive long-term cash flow potential in a market supported by regional employment growth and sustained demand for affordable housing. Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.

This 6-pad community, along with two duplex buildings, offers a total of 10 units and is being offered as part of a portfolio currently undergoing refinance if not sold prior. The property is serviced by city water and city sewer, with all utilities—including water, electric, gas, and trash—directly billed to tenants, helping maintain low operating expenses. All mobile homes are park-owned with rents ranging from $675 to $800 per month, while the duplex units generate between $500 and $900 per month. The asset provides a stable income stream with a diversified unit mix. Additional details available upon request. No seller financing is available. (Jonathan Fisher is a licensed IN managing broker under MR. LANDMAN, LLC, IN License #RB18000549.)

Spencer County, IN - Kirk’s MHP 1 & Kirk’s MHP 2 offer a buyer the combination of immediate occupancy, stable in-place cash flow, low operating complexity, and identifiable rental upside across two neighboring manufactured housing communities in Rockport, Indiana. The portfolio consists of 14 total sites, including 9 tenant-owned homes and 5 RV sites, with 100% occupancy across both communities. With all sites occupied, a buyer steps into an established operation with no immediate lease-up or significant stabilization program required. The two communities are located just a couple of blocks apart, allowing them to be managed efficiently as a single investment while maintaining two separate locations. The opportunity becomes more compelling because current rents remain below market levels, creating a straightforward path to increase income over time. The tenant-owned homes at Kirk’s MHP 1 and Kirk’s MHP 2 currently pay $200 per month in lot rent, while the RV sites generate between $500 and $550 per month. A new owner can gradually move rents toward market levels while maintaining an affordable housing option for residents. This provides organic NOI growth without the need for significant capital improvements, expansion, or a major repositioning strategy. The communities also benefit from a highly efficient utility structure. Both properties are served by city water and city sewer, while utilities for the tenant-owned homes are directly billed to and paid by the residents. This significantly limits the owner’s utility exposure and reduces the ongoing management burden typically associated with smaller manufactured housing communities. Kirk’s MHP 1 also features paved roads, and both communities are situated within established residential neighborhoods, contributing to their strong occupancy and stable tenant base. Rockport is the county seat of Spencer County and is located along the Ohio River, directly across from Owensboro, Kentucky. The community benefits from convenient access to regional employment and transportation through U.S. 231 and its connection to I-64. At an asking price of $425,000, or approximately $30,000 per site, the portfolio provides an investor with an opportunity to acquire two fully occupied communities at a relatively low basis while maintaining multiple avenues for future value creation. The combination of 100% occupancy, below-market rents, public utilities, direct billing, minimal operational complexity, and two properties located within close proximity makes Kirk’s MHP 1 & Kirk’s MHP 2 an attractive opportunity for both first-time and experienced manufactured housing investors seeking immediate cash flow with a simple, manageable path to increased income and long-term value.

Excellent investment opportunity in Madison, Indiana! This mobile home park features 8 total rental spots along with an additional single-family home and garage located on the property, providing multiple income streams. The park offers strong upside potential for investors looking to stabilize, improve, or expand cash flow in a growing Southern Indiana market. Conveniently located near local amenities, employment centers, and major routes, this property is well-positioned for consistent demand. Whether you are an experienced investor or looking to add a solid performing asset to your portfolio, this property offers flexibility and long-term income potential. Value-add opportunities may include rental increases, infill optimization, and operational improvements. A rare chance to acquire a multi-unit income property with diversification built in. Approximant boundary lines.